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you're going to share with us something here ok all right now this one is come from a little boy in greece he says exactly what he wants for christmas for twenty thirty. santa for christmas i would really like a fiscal policy which would see my country's debt be reduced see one hundred twenty four percent of our annual output by twenty twenty i know that this is a big ask but it will stop the international monetary fund getting even more annoyed with us although we didn't make the whole thirty billion euros worth of savings we promised just recently we did try very hard. dimitri said marise. well who else has been writing to you oh well this one has come from somebody not too far away from where we are right now this is come from a little girl and burn him with her christmas wishes for twenty thirty. thank you for the positive economic growth i asked for last year it has been very helpful this year it would be great if we could have more of the same just is there a way we can give less of our money away to the eurozone countries all the best angle and merkel p.s. i also want to win the gen
you're going to share with us something here ok all right now this one is come from a little boy in greece he says exactly what he wants for christmas for twenty thirty. santa for christmas i would really like a fiscal policy which would see my country's debt be reduced see one hundred twenty four percent of our annual output by twenty twenty i know that this is a big ask but it will stop the international monetary fund getting even more annoyed with us although we didn't make the whole thirty...
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stay with us here on our team still ahead the problems continuing to mount for greece now four of the country's main banks looking for ways to stay afloat after posting massive losses we take a closer look at why. in my political career i was minister of original corporation minister culture minister of housing and construction even. israel readying for elections in may to rising concerns over the country's political process is that and more after a short break. divine power in action activate the sacraments. i am just so we need these we are under the control of those governing us before at the service of a space mafia i found on that date the magnetic field of the sun will be folks into it that will create the support that the stuff. after the second coming it will be a futile place it will receive its glory it will be a renewed world and it will be a beautiful place. full of the best. will stop this type of ammunition. it's good business for us it's kind of like being a doctor you know there's a disaster businesses. better unfortunately. you meet speak your language. programs and d
stay with us here on our team still ahead the problems continuing to mount for greece now four of the country's main banks looking for ways to stay afloat after posting massive losses we take a closer look at why. in my political career i was minister of original corporation minister culture minister of housing and construction even. israel readying for elections in may to rising concerns over the country's political process is that and more after a short break. divine power in action activate...
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Dec 11, 2012
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. >> the president's plan does nothing but damn to us becoming greece. >> disappointing. >> disappointed. >> i'm really disappointed. (laughter) >> jon: really? because you don't sound that disappointed, quite frankly. do you want to know what disappointed sounds like? >> disappointed! (applause) >> jon: that guy's clearly disappointed. even though that might have been what from what i understand at the internet a stage direction. he just happened to say it outloud. i don't know if that's true but why not spread it as far as i can. to their credit, the republicans didn't just complain about the president's plan, they put forward on paper numbers of their own. >> you see the offer on your gene, $800 through tax reform, $600 billion in health savings, $300 billion in mandatory savings, $300 billion further discretionary savings that nets to $2.2 trillion in savings. >> jon: all right, all right. so the g.o.p. proposal is adding up towards $1.2 trillion in cuts and a trillion in savings and they leave the tax rates alone for the top 2% and they -- wait a minute. (laughter) the fiscal cliff,
. >> the president's plan does nothing but damn to us becoming greece. >> disappointing. >> disappointed. >> i'm really disappointed. (laughter) >> jon: really? because you don't sound that disappointed, quite frankly. do you want to know what disappointed sounds like? >> disappointed! (applause) >> jon: that guy's clearly disappointed. even though that might have been what from what i understand at the internet a stage direction. he just happened to...
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on what's left of the of serial ratings agencies ten of them poor as is raise the credit rating of greece's sovereign debt this comes just hours before a planned twenty four hour nationwide strike as people continue venting their frustration at biting counts a monday athens received a fresh trying to bone up funds from the e.u. and the international monetary fund however as one expert says despite the much anticipated cash the greek economy is far from salvation. the fact that the ratings agencies gave us higher rating to the green bombs and yet there's going to be a strike if you get what's happened to that right now the international community be i asked the e.c.b. and you see have two wars austerity which makes investors happy but of course makes the people angry and so you can see this strike going on and people a lot of people getting very upset in greece while the investor community is relatively happy because you know there is more greater safeguards that their money is going to be returned to them in the form of bonds so i think that you bear. the greeks even money this crisis is fa
on what's left of the of serial ratings agencies ten of them poor as is raise the credit rating of greece's sovereign debt this comes just hours before a planned twenty four hour nationwide strike as people continue venting their frustration at biting counts a monday athens received a fresh trying to bone up funds from the e.u. and the international monetary fund however as one expert says despite the much anticipated cash the greek economy is far from salvation. the fact that the ratings...
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Dec 27, 2012
12/12
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becoming like greece? >> no, that is a profoundly -- do you see as becoming like greece? >> that is a profoundly different situation. the congressional budget office says that if we stay on the course we are on, we will have a debt that is 230% of our gross domestic product of the the next 20 years. most experts say once you get a debt of more than 9% of gross domestic product, that inhibit future economic growth in a significant way. this is just about -- not just about numbers on page, it is really about opportunities for people. whether you will be able to send your kid to school, to college, whether it will be able to buy a car, my house, whether we will have economic opportunity for the people of the country. the best academic research that has been done shows that if a country's debt gets too large in relationship to the size of its economy, the economy does not grow as fast. opportunity is lost. jobs are lost. so there is a similarity with what is happening in europe and what could happen here if we don't get our house in order. >> you talked about a single- minded
becoming like greece? >> no, that is a profoundly -- do you see as becoming like greece? >> that is a profoundly different situation. the congressional budget office says that if we stay on the course we are on, we will have a debt that is 230% of our gross domestic product of the the next 20 years. most experts say once you get a debt of more than 9% of gross domestic product, that inhibit future economic growth in a significant way. this is just about -- not just about numbers on...
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think the path is is very very clear i mean you have to do is look at europe look what happened in greece look what's happened in italy where it's been you know shown to the people of that region of the world as it's being shown to us this notion that representative government doesn't work no i don't believe that but i believe this is the message they're sending to worse you know that we have five hundred thirty five member body of congress and they just can't get anything done and as you alluded to you know it was nearly two years ago when congress said if the super congress the super committee can't come up with the deal to reduce our spinning and increase our revenue we'll have this fiscal cliff so you're right on the money thing it's been these wouldn't these promises that were made two years ago basically could never stand up we are always heading towards this problem you know one hundred percent correct look this is work in the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before
think the path is is very very clear i mean you have to do is look at europe look what happened in greece look what's happened in italy where it's been you know shown to the people of that region of the world as it's being shown to us this notion that representative government doesn't work no i don't believe that but i believe this is the message they're sending to worse you know that we have five hundred thirty five member body of congress and they just can't get anything done and as you...
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Dec 7, 2012
12/12
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greece and he rest of the european unnon have dealt with many euro members impending default for several ears. it is hubrii for the us government to think they can &psolveetheee problees within are basking n sshadenfreude resolvv uufunded benefits of our weetern european welfare state.for more on this story &pvisit behind the headlines dd net. and follow us twitter and pacebook.im armstrong williams. 3 3 3 3 3 -tease countdown
greece and he rest of the european unnon have dealt with many euro members impending default for several ears. it is hubrii for the us government to think they can &psolveetheee problees within are basking n sshadenfreude resolvv uufunded benefits of our weetern european welfare state.for more on this story &pvisit behind the headlines dd net. and follow us twitter and pacebook.im armstrong williams. 3 3 3 3 3 -tease countdown
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Dec 25, 2012
12/12
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germany can affo to bailout greece. nobody can afford to bailout the united states, and i would agree actually th bill archer that i think he understated. if you take the total debt situation, you're talking about just shy of three-quarters of a million dollars for the -- per american family. so you get a cup of coffee from a waitress in the diner, think of loading three-quarters of a million dollars of debt on to her shoulders for what? for what? does nothing to show for. lou: her children and their children that will be paying a large measure of that. great to have you with us. making spirits bright. and after america with one of the ugliest pictures of an american cadaver toe tag to. >> doom and the oven is the into debt. lou: at least some balance here. you know how much are presidenta taxes on our middle-class. >> the bill is passed. lou: the house passes the stem emigration bill. some democrats call it racist and pandering. how is that? and republicans also introduced the achieve act. other republicans taking the
germany can affo to bailout greece. nobody can afford to bailout the united states, and i would agree actually th bill archer that i think he understated. if you take the total debt situation, you're talking about just shy of three-quarters of a million dollars for the -- per american family. so you get a cup of coffee from a waitress in the diner, think of loading three-quarters of a million dollars of debt on to her shoulders for what? for what? does nothing to show for. lou: her children and...
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Dec 7, 2012
12/12
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. >>> in greece, police fended off protesters launching molotov cocktails. >>> and in the u.s., the president is taking his fiscal cliff solutions directly to the people. >>> plus, a modern-day spy story ripped from the pages of a tom clancy novel. good morning, everyone. i'm lynn berry and we start with breaking news out of japan. a strong 7.3-magnitude earthquake has struck off the country's northeastern coast. that's the same region hit by last year's massive earthquake and tsunami. well, this morning's quake shook buildings as far as tokyo, and there are reports of a three-foot tsunami in the miyagi prefecture. the u.s. geological survey says there's no risk of a widespread tsunami, and so far, there have been no news of injuries or damage. of course, we're going to keep an eye on any aftershocks that occur and we'll bring you the very latest. >>> well, elsewhere, all eyes are on cairo this morning as turmoil has once again overtaken egypt's capital. this time, it's in response to a politically explosive power grab by the democracy's president, mohamed morsi. right now, soldiers are setti
. >>> in greece, police fended off protesters launching molotov cocktails. >>> and in the u.s., the president is taking his fiscal cliff solutions directly to the people. >>> plus, a modern-day spy story ripped from the pages of a tom clancy novel. good morning, everyone. i'm lynn berry and we start with breaking news out of japan. a strong 7.3-magnitude earthquake has struck off the country's northeastern coast. that's the same region hit by last year's massive...
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Dec 19, 2012
12/12
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some encouraging news on europe's economic crisis: standard and poor's gave greece a better grade. it got upgraded to a "b-minus" from "selective default" thanks to reassurances that greece will stay in the eurozone. on wall street, the dow rose 115 points, the nasdaq gained almost 44, and the s&p added 16. our next guest says any reasonable fiscal cliff deal is better than no deal. he's robert doll, chief equity strategist and senior portfolio manager at nuveen asset management. >> susie: hi, bob. nice to see you again. >> thanks, susie. >> susie: so investors and traders really do seem to think that a deal is coming, like our previous guest, roger altman. is this rally all about hopes for a deal or something nore fundamental? >> it is about hope for a deal. the malaise and the lack of confidence and the uncertainty has been pervasive, as you well know, susie. that has held corporations back from doing things, from spending money, and some individuals as well. as roger said a few minutes ago, if we can clear the air with some sort of fiscal cliff deal, i think that does lift the o
some encouraging news on europe's economic crisis: standard and poor's gave greece a better grade. it got upgraded to a "b-minus" from "selective default" thanks to reassurances that greece will stay in the eurozone. on wall street, the dow rose 115 points, the nasdaq gained almost 44, and the s&p added 16. our next guest says any reasonable fiscal cliff deal is better than no deal. he's robert doll, chief equity strategist and senior portfolio manager at nuveen asset...
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in the bond that they buy in greece. added here she has gathered steam at the russia summit in brussels this week moscow has once again expressed its opposition to words the so-called third and argy package a set of rules regulating europe's gas and electricity market its aim of reducing the dominating role of russia's anna giant gazprom and its supplies of gas to the walk and land outside companies access its pipeline network russia says the motion should not be applied to contracts signed before the package was approved by the e.u. in two thousand and nine. well christmas on the streets literally where he poured on new york's hidden homeless as america splashes out billions on christmas decorations and it's all. blustery union in spacey i assessed welcomes its latest crew man after a two day journey with a spacewalk and war and then a hundred scientific experiments i have stories coming out after the break. on the edge of human capabilities. struggling with a dream to. play out to become the first. force told him. i. s
in the bond that they buy in greece. added here she has gathered steam at the russia summit in brussels this week moscow has once again expressed its opposition to words the so-called third and argy package a set of rules regulating europe's gas and electricity market its aim of reducing the dominating role of russia's anna giant gazprom and its supplies of gas to the walk and land outside companies access its pipeline network russia says the motion should not be applied to contracts signed...
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so the financial pain for greece and europe in general doesn't seem to be going anywhere despite all the effort obvious cost talk show today asks whether nosediving and decline is a new trend for the whole western world and here's a preview of what's coming up for you at seven thirty g.m.t. . here's the problem is the inequality inside the western capitalist system in this inequality is being reproduced by the chinese like most of the time i am between also americans north and solves europe and china will never i travel inside . china i see the same mistakes they are committing that the west has been committing for the past twenty years and it's basically to apply new liberalism to china alexander you look like you disagree go ahead of course i disagree the problem is not inequality as in and of itself the problem is the degree of inequality and i have driven around the southwestern united states as well and of course there's impoverishment there but if you drive up and down the east course the united states you will find that between boston miami i mean there's an enormous degree of
so the financial pain for greece and europe in general doesn't seem to be going anywhere despite all the effort obvious cost talk show today asks whether nosediving and decline is a new trend for the whole western world and here's a preview of what's coming up for you at seven thirty g.m.t. . here's the problem is the inequality inside the western capitalist system in this inequality is being reproduced by the chinese like most of the time i am between also americans north and solves europe and...
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Dec 21, 2012
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we are heading down the same path that greece did. right now the democrats are talking about raising taxes on the top 2%. if we do not stop the spending, we will be back here again maybe one year from now saying, maybe we need to raise taxes on the top 25% or 50%. then everybody will be taxed and we will run out of money. what is going to happen is the federal government is not going to be able to take care of its obligations. you are not going to be able to have safety nets. social security and medicare are going broke. we have to fix those of those who are dependent on those systems can get them. continuing to spend money like both parties have been doing the, wild spending is going to lead us to be just like greece. we are not going to be able to take care of the poor or the needy or take care of senior citizens. we have to stop spending. host: this is fiscal year 2010, but it has not changed significantly in terms of percentage. 41% of the federal budget. not defense appropriations 19%. defense spending 20%. the national debt 6%.
we are heading down the same path that greece did. right now the democrats are talking about raising taxes on the top 2%. if we do not stop the spending, we will be back here again maybe one year from now saying, maybe we need to raise taxes on the top 25% or 50%. then everybody will be taxed and we will run out of money. what is going to happen is the federal government is not going to be able to take care of its obligations. you are not going to be able to have safety nets. social security...
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greece got to read the good news out here in the week when unexpected the credit rating boost the sort of ration was short lived though as yet another general strike paralyzed the country then for greece's the biggest banks declared they would need to twenty seven billion euro bailed out but used to stand flint well crisis a strategist who goes on in there says that the spite all the efforts european nations still haven't solved their basic problems right now. you know national community b i have nothing to see be an easy. wars austerity which makes investors happy but of course makes the people and a better community is relatively happy because you know there was more greater safeguards that their money is going to be turned down in the form of a lot so i think that you going to continue to see this where eels go up and the people are happier but the investor community is less technique and then you have a swerves to the right where you have more austerity making people more angry and more riots and more protests and more stripes and yet investors feeling more secure in in in the bond
greece got to read the good news out here in the week when unexpected the credit rating boost the sort of ration was short lived though as yet another general strike paralyzed the country then for greece's the biggest banks declared they would need to twenty seven billion euro bailed out but used to stand flint well crisis a strategist who goes on in there says that the spite all the efforts european nations still haven't solved their basic problems right now. you know national community b i...
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with ordinary people and not just with the people who demonstrate the youth unemployment figures in greece and spain and other countries are truly horrifying and in the name of the european ideology europe is not being put through some of the most difficult economic times it seems as one nine hundred thirty s. ok john laughlin from the institute of the markets and corporation thanks for those thoughts thank you. well it's also an unstable situation in the european market says italy's technocrat leader says his time in office will soon be up to a look at what's in store for the ailing eurozone seemingly no way out of the crisis. egypt's military has taken over the country's security and assuming powers of arrest in the run up to the referendum thanks week's vote has been rejected by the opposition as our representative and the calls to stage mass nationwide protests getting louder president merci has tried to make some concessions but it doesn't ease the tension as journalist true reports now from cairo. this morning president mohamed morsi truck this is done the decision to increase tax bu
with ordinary people and not just with the people who demonstrate the youth unemployment figures in greece and spain and other countries are truly horrifying and in the name of the european ideology europe is not being put through some of the most difficult economic times it seems as one nine hundred thirty s. ok john laughlin from the institute of the markets and corporation thanks for those thoughts thank you. well it's also an unstable situation in the european market says italy's technocrat...
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could be about shortly live chat about that coming up also a twenty four hour nationwide strike in greece six people vent their fear a despotic tranche of bailout cash. you can tell an ordinary russian siberia in the blink of an. anthropologist in those days siberians were different clothes eight different food . different animals. but what about. my journey began in two men but the big city was all shiny oil funded school scrapers and shopping malls much like any other prosperous russian post. so i decided to. a small town just outside. dumplings came from here to dominate the russian cuisine but only in siberia. with cabbage and jam making sure you can have as a starter main dish. was although it may draw. most people in siberia see nothing wrong with hunting only if you decide to participate. in pine martin. as in the middle of a swamp only accessible by. a. it's inhabited by siberian a large muslim minority that migrated before the russians. this. is real siberia maybe not the stuff of tourist brochures but distinctive enough to show that through all these yeahs siberia still not quit
could be about shortly live chat about that coming up also a twenty four hour nationwide strike in greece six people vent their fear a despotic tranche of bailout cash. you can tell an ordinary russian siberia in the blink of an. anthropologist in those days siberians were different clothes eight different food . different animals. but what about. my journey began in two men but the big city was all shiny oil funded school scrapers and shopping malls much like any other prosperous russian post....
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Dec 16, 2012
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greece and spain and so forth, could borrow at german interest rates and they went kind of wild. the good old united states of america, we rent historically big deficits. we consumed without settling them. how is this all possible? because the chinese were happily loaning us money at very low interest rates. substitute the words the united states and greece, and china to germany and you have a world scale, the problem in the united states. the problem in the whole world. but let me just, following those comments, you know, you've got a single moment. [inaudible] decided to they want more unity or less. because the euro cannot survive unless they have more sense of some kind of central control. more sense of discipline before the crisis. which means some kind of limits on fiscal policy, but one thing, but it goes on fiscal policy. spain had a pretty good fiscal policy. they kept borrowing money to build houses. so we've got to have some kind of oversight of economic policy as part of the price of being in the union. they wanted -- [inaudible] monetary union without the economic un
greece and spain and so forth, could borrow at german interest rates and they went kind of wild. the good old united states of america, we rent historically big deficits. we consumed without settling them. how is this all possible? because the chinese were happily loaning us money at very low interest rates. substitute the words the united states and greece, and china to germany and you have a world scale, the problem in the united states. the problem in the whole world. but let me just,...
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Dec 9, 2012
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, greece has been very adept at increasing their debt ceiling. now they have 25% unemployment. there are people who can't even finds jobs in cities are having to move out according to press reports to rural areas. that could be our future. as tom said, if you gave the president every job forming tax increase that he's asked for, it's about 3% of the spending. and the president himself has said that the drivers of our debt are medicare, medicaid and health care. nothing else comes close. >> congresswoman stabenow pointed out -- >> you have to deal with the structural reforms to our entitlement spending. protecting current seniors but helping to insure my 10-year-old daughter and 9-year-old son that these programs are around for them. >> medicare savings, lot of republicans not you but a lot of republicans in the last campaign including mitt romney ran against. >> well, george, first of all, the $700 billion in savings doesn't save the government a penny, it takes that and spends it on other people. what -- it's really important that people look. t
, greece has been very adept at increasing their debt ceiling. now they have 25% unemployment. there are people who can't even finds jobs in cities are having to move out according to press reports to rural areas. that could be our future. as tom said, if you gave the president every job forming tax increase that he's asked for, it's about 3% of the spending. and the president himself has said that the drivers of our debt are medicare, medicaid and health care. nothing else comes close....
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Dec 10, 2012
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here we ban them and it -- >> greg: the funny thing is we talk about greece, but before there was greece, there was detroit. detroit is greece. if it was only the acropolis. dead city. people left because they couldn't make a living, the unions suffocate pod tenial. >> bob: true about toledo and cleveland and cincinnati? the northern cities that have had bleed of workers? >> eric: i will make a wage with you. now that snyder signs it off and right to work, i bet an auto company goes -- brand new, never done business before in detroit. >> kimberly: you will lose this bet, bob. >> eric: coming up, 2004 south korean singer rapped about killing americans in 2019 and is invited to perform for president obama. ♪ ♪ >> eric: maybe not. we will gangmam bang it out next. and make sure you go to the facebook page. we are updating and posting facebook.com/thefivefnc. click like. we'll be right back. ♪ ♪ [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only
here we ban them and it -- >> greg: the funny thing is we talk about greece, but before there was greece, there was detroit. detroit is greece. if it was only the acropolis. dead city. people left because they couldn't make a living, the unions suffocate pod tenial. >> bob: true about toledo and cleveland and cincinnati? the northern cities that have had bleed of workers? >> eric: i will make a wage with you. now that snyder signs it off and right to work, i bet an auto...
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Dec 11, 2012
12/12
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CNBC
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there is no argument there as there wasn't for greece. we know the countries, italy, greece is in a crisis and it's a crisis due to lack of competitiveness. going back to the currency, under the currency they create a wave of all sorts of problems including inflation and i think it is not a good route. >> well, i do rather agree with paula on this one. the problem with the euro is it gives you easy and quick solutions. and we're going to keep developing your currency. as you go back to the old days where you keep lowering your currency and you pay relatively high rates on your debt. so the appeal of the euro in the beginning was, oh, chief debt. it looked like christmas. now we're discovering that that regime, a ten-year regime where many peripheral countries got hammered. only germany sort of really held it together. now we have to look at how to undo this. for countries who have no ambition about their future, then maybe the policy is the way to go. italy had so many things going for it that falling back, that seems almost -- >> how abo
there is no argument there as there wasn't for greece. we know the countries, italy, greece is in a crisis and it's a crisis due to lack of competitiveness. going back to the currency, under the currency they create a wave of all sorts of problems including inflation and i think it is not a good route. >> well, i do rather agree with paula on this one. the problem with the euro is it gives you easy and quick solutions. and we're going to keep developing your currency. as you go back to...
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Dec 28, 2012
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greece's banks in fresh capital were gop going to go down to central bank. national bank, euro bank, alfa and peres need the money to close ratios following last week. greece confirmed that the 50 billion euros set aside for recapitalization will be enough to capture these shortfalls. stephane pedrazzi asked the ecb jean-claude trichet about greece. >> i think it is absolutely clear that out of the fears of the global observers have proved unfounded. i was always confivinced that i was unfounded that the assumption that they could leave the euro area, that they could refeud the adjustment which is necessary were wrong assumptions. and now we see and of course it's difficult, of course it's hard, it's tough. but people have to make adju adjustments which are very, very difficult. but, again, we are going in the right direction. again, it's very difficult. it goes in the right direction. >> you don't believe in the scenario for greek exit? >> no.. it's precisely because it appears very clearly that neither the greek people nor the greek government nor all peer
greece's banks in fresh capital were gop going to go down to central bank. national bank, euro bank, alfa and peres need the money to close ratios following last week. greece confirmed that the 50 billion euros set aside for recapitalization will be enough to capture these shortfalls. stephane pedrazzi asked the ecb jean-claude trichet about greece. >> i think it is absolutely clear that out of the fears of the global observers have proved unfounded. i was always confivinced that i was...
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and hysterically insurrection in europe while spaniards seize over a hate a budget strikes in greece put a damper on a credit rating upgrade. it is now i am the russian capital watching r.t. with me marina joshie welcome to the program our early results from the final round of voting age it's troubled referendum suggest the new constitution is likely to pass it follows nearly a month of pro das was the latest violent outbreak be the country's second largest city of alexandria girl isabel true has more from the capital cairo. the preliminary results are in for egypt's contentious constitutional referendum egypt appears to voted for the constitution sixty four percent say yes. thirty six percent have said no this comes after mass to send in the streets across the country the past three weeks against this constitution opposition forces say they mean for the presidential dictatorship and was drafted by the islamist dominated assembly of the twenty seven governors that went to vote in the last week only three voted against the constitution. and minutes say this in the last round is largel
and hysterically insurrection in europe while spaniards seize over a hate a budget strikes in greece put a damper on a credit rating upgrade. it is now i am the russian capital watching r.t. with me marina joshie welcome to the program our early results from the final round of voting age it's troubled referendum suggest the new constitution is likely to pass it follows nearly a month of pro das was the latest violent outbreak be the country's second largest city of alexandria girl isabel true...
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Dec 3, 2012
12/12
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i think greece is probably too small to view. i think what really bothers me is spain which i think clearly bothers the whole market. the question, a growth going to fall off a cliff or whether it muddle through and a bailout will be sufficient. as you say, we don't know the answer to that question. that remains the tail risk. until we do get close to a resolution, i'm not going to turn massively bullish. >> what's your view on that? >> i think i go along very much with what he's saying. >> what is your view on what happens to spanish growth? >> i think spain has a lot of problems at the moment. it's not seeing a lot in the domestic market. not seeing it move toward an export. in which case spanish growth is going to be very, very weak for some time to come. >> all right. good to see you. thanks very much. alan will stick around. time to bring you today's global markets report. let's go to asia for the update. >> that upbeat pmi data failed to lift greater china markets. there is pessimism over general lack of policy and also fea
i think greece is probably too small to view. i think what really bothers me is spain which i think clearly bothers the whole market. the question, a growth going to fall off a cliff or whether it muddle through and a bailout will be sufficient. as you say, we don't know the answer to that question. that remains the tail risk. until we do get close to a resolution, i'm not going to turn massively bullish. >> what's your view on that? >> i think i go along very much with what he's...
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Dec 12, 2012
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>> we have to, otherwise we'll be just like greece and half of europe. neil: some say we'll be like greece if in is no deal by the end of the year? >> i do not agree. we have to negotiate, the president needs to get involved. neil: the language changed a little bit today, i notice when they are not attacking each other out in open, then progress must be being made. that is what led to rumors of a potential imminent deal yesterday. now they are back to sniping, speaker boehner and nancy pelosi and others going back and forth, that leads me to believe that things are falling apart, do you get that sense? >> we see here -- hear they are negotiating, we'll get a deal, then we hear the fighting going on, if the fighting continues, we're not getting a deal. i don't want a deal if it is just the same old deal that is not good for america. neil: do you worry, as i guy has been around the neck of the woods for a few years, that republicans are losing their verve. some more conservative members have said we lost an election but we did not lose everything that we s
>> we have to, otherwise we'll be just like greece and half of europe. neil: some say we'll be like greece if in is no deal by the end of the year? >> i do not agree. we have to negotiate, the president needs to get involved. neil: the language changed a little bit today, i notice when they are not attacking each other out in open, then progress must be being made. that is what led to rumors of a potential imminent deal yesterday. now they are back to sniping, speaker boehner and...
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Dec 3, 2012
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but we did move on greece. got a little bit of a boost preopen. and since then, frankly, the ism numbers have just been a real disappointment. and we are moving on that. here's the dow intraday. here's where we got the ism number. and you can see we have been drifting lower ever since then. and this really is a disappointment, this number. this is the first read we get on the overall economy every month here. and let me point out what's been going on here. the sectors have been risk off by enlarge so transports are notably week. materials and industrial. there is your risk off trade here today. i would point out, technology has been an upgrade over at goex and the overall technology sector, tough time in the hardware group doing better today. so there is an outlier in tech. as for the ism, what was going on here, really there was very little good news. take a look. the overall number, the headline number, lowest since july 2009. the employment component in this, lowest since september 2009. that's probably the second-most watched component of that
but we did move on greece. got a little bit of a boost preopen. and since then, frankly, the ism numbers have just been a real disappointment. and we are moving on that. here's the dow intraday. here's where we got the ism number. and you can see we have been drifting lower ever since then. and this really is a disappointment, this number. this is the first read we get on the overall economy every month here. and let me point out what's been going on here. the sectors have been risk off by...
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Dec 15, 2012
12/12
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FBC
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are we five years away from being greece or italy? twenty years? i don't know. this trendline is bad. happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributors contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers get lower wages and it adds up to the bad situation. john: president bush says it to oklahoma you take care of things it is good for the economy. >> collor you create a housing bubble. those people were the ones that had to walk out onto the plank then we all fall into the shark infested waters 87 tax credits. >> sounds great. but from the tax ce in 1913 only 14 pages we have warped into the 702000 page monster. more than 1,000 different forms to download. nobody understands. h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but ok
are we five years away from being greece or italy? twenty years? i don't know. this trendline is bad. happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributors contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers get lower wages and it adds...
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varia in an attempt to restore some faith in athens his trip to the wealthy german region came after greece set in motion a complex financial operation to buy back some of the country's debt pile at reduced prices the goal is to cut the national debt by around twenty billion euros to qualify for more financial aid from the european union and the international monetary fund visit comes less than two weeks after greece's creditors agreed to extend billions in additional financing to assets george country governor. yes an attorney and professor of constitutional law believes the way the e.u. chose to deal with the crisis is unsustainable for that so must go to me the cornerstone of usefulness is this a new student. but unfortunately the gentleman who used to know when didn't it be like that of you in truth isn't easy to go over. there is that you go to example you go to the be only a few there now for the money that you found because suppose you did it that would be really good as a statement without a huge spirit but of course it's a little easier for these immature to so such a policy to vis
varia in an attempt to restore some faith in athens his trip to the wealthy german region came after greece set in motion a complex financial operation to buy back some of the country's debt pile at reduced prices the goal is to cut the national debt by around twenty billion euros to qualify for more financial aid from the european union and the international monetary fund visit comes less than two weeks after greece's creditors agreed to extend billions in additional financing to assets george...
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Dec 30, 2012
12/12
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CSPAN2
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why not point it as i said earlier at churchill in greece in athens in 1944? let's be a little bit more -- host go egalitarian. we will jump forward after this. >> host: okay, i would like to jump forward to the 18 60's, the late great 18 60's and talk about john f. kennedy still perhaps the most beloved president in american history at least the memory of people alive during those times. clearly one of the most germanic and various defense of this presidency was the cuban missile crisis in october 62 which all of us lived here as teenagers. talk a little bit if you would about how you think that crisis came to be and why it didn't result in a nuclear holocaust? >> guest: khrushchev actually made a big blunder in the cuban missile crisis and that was not just putting the missiles with nuclear warheads into cuba, it was not announcing that he had done so. he undermines his own deterrence. what he was trying to deter was the u.s. invasion of cuba. the united states have been planning an invasion and in fact we had a mock invasion planned for october of 62 called
why not point it as i said earlier at churchill in greece in athens in 1944? let's be a little bit more -- host go egalitarian. we will jump forward after this. >> host: okay, i would like to jump forward to the 18 60's, the late great 18 60's and talk about john f. kennedy still perhaps the most beloved president in american history at least the memory of people alive during those times. clearly one of the most germanic and various defense of this presidency was the cuban missile crisis...
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Dec 10, 2012
12/12
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are we five years away from being greece or italy? twenty years? i don't know. this trendline is bad. happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributors contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers get lower wages and it adds up to the bad situation. john: president bush says it to oklahoma you take care of things it is good for the economy. >> collor you create a housing bubble. those people were the ones that had to walk out onto the plank then we all fall into the shark infested waters 87 tax credits. >> sounds great. but from the tax code in 1913 only 14 pages we have warped into the 702000 page monster. more than 1,000 different forms to download. nobody understands. h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but l
are we five years away from being greece or italy? twenty years? i don't know. this trendline is bad. happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributors contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers get lower wages and it adds...
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Dec 8, 2012
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becomes like greece. there a terrible economy with 26% unemployment, the highest in europe, and almost no job opportunities for young people frequently lead to riots in the streets. now here a leading democrat is suggesting cutting spending too quick -- too quickly is the real problem. >> the community is concerned about all of their as you teary too. there are many things you can do to reduce debt, but still have a a -- an aspect of the economy. >> some say europe's austerity is a drag on economic growth because it relies on taxation while failing to rein in the expansion of government. and that would seem to back up a republican theme in this fiscal cliff argument. >> if we raise taxes on the top two rates which is about a million small businesses who employ 25% of the workforce, it will cost us over 700,000 jobs and reduce economic growth and lower take home pay. that's a bad scenario. >> the lead negotiator on the republican side of the table facing mr. obama says raising taxes on upper income america
becomes like greece. there a terrible economy with 26% unemployment, the highest in europe, and almost no job opportunities for young people frequently lead to riots in the streets. now here a leading democrat is suggesting cutting spending too quick -- too quickly is the real problem. >> the community is concerned about all of their as you teary too. there are many things you can do to reduce debt, but still have a a -- an aspect of the economy. >> some say europe's austerity is a...
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debt ridden greece gets this latest installment of bailout funds needed to keep the economy afloat in exchange for a debt buyback scheme which many see as counterproductive. and as the u.n. atomic watchdog wraps up talks with iran we look at why many iranians consider acquiring nuclear energy as not just a matter of necessity but one of national pride. world is live from our moscow headquarters you're watching r t with me one of the ukrainian journalist kidnapped by syrian rebels faces execution unless a fifteen million dollars ransom is paid. has been working in syria during the conflict helping international news outlets including our t.v. the world's main groups defending the press have strongly condemned the targeting of reporters our middle east correspondent paula slayer is following those developments for us. this coach never was taken hostage in october hones the free syrian army has held her for nearly two months they have accused her of being both a russian and a syrian spy she has a kid into you tube videos that were released earlier by the free syrian army and in one of th
debt ridden greece gets this latest installment of bailout funds needed to keep the economy afloat in exchange for a debt buyback scheme which many see as counterproductive. and as the u.n. atomic watchdog wraps up talks with iran we look at why many iranians consider acquiring nuclear energy as not just a matter of necessity but one of national pride. world is live from our moscow headquarters you're watching r t with me one of the ukrainian journalist kidnapped by syrian rebels faces...
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Dec 21, 2012
12/12
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greece does not have an exit. citigroup had a 90% chance earlier this year. the biggest day of this jurn year was june 17th when they elected a moderate who did not try to pull greece out. and germany stepped up and gave them some money and that september the 6th, that was the european central bank. so you had china, maria, the united states and greece. none of them went off the cliff. maria, this is for you. our little christmas present for you, maria. >> thank you. thank you. >> we want to remember, by the way, this is emblem attic of all these nice things you have said this week for the victims of the newtown connecticut tragedy. we love the way you all have been strong in support of them. >> thank you. i very much appreciate that. michael, let me ask you, what do you want to be avoiding in 2013? >> i think you have to look at it from the standpoint of extreme. it's clearly in the bond market. it's clearly in the love for dividends. it's clearly in the love for income versus capital appreciation, versus cycle kral. i call this the rocky balboa stock market
greece does not have an exit. citigroup had a 90% chance earlier this year. the biggest day of this jurn year was june 17th when they elected a moderate who did not try to pull greece out. and germany stepped up and gave them some money and that september the 6th, that was the european central bank. so you had china, maria, the united states and greece. none of them went off the cliff. maria, this is for you. our little christmas present for you, maria. >> thank you. thank you. >>...
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Dec 10, 2012
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are we five years away from being greece or italy? twenty years? i don't know. this trendline is bad. happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributors contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers get lower wages and it adds up to the bad situation. john: president bush says it to oklahoma you take care of things it is good for the economy. >> collor you create a housing bubble. those people were the ones that had to walk out onto the plank then we all fall into the shark infested waters 87 tax credits. >> sounds great. but from the tax code in 1913 only 14 pages we have warped into the 702000 page monster. more than 1,000 different forms to download. nobody understands. h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but l
are we five years away from being greece or italy? twenty years? i don't know. this trendline is bad. happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributors contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers get lower wages and it adds...
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Dec 13, 2012
12/12
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sylvia, a torturous route for greece. are they finally going to get this money? if so, what does that change. >> well, it at least gives them a bit of breathing space. it doesn't change anything in terms of the overall dismal situation of the country. there was a letter of the german finance minister yesterday, written so it is by one of the deputies to the german bundes stock where he basically said, we are ready to sign up the next package for greece. this has not been confirmed or denied by the finance ministry, so it seems that that's the determination. it looks like it, anyway. we know that the one linchpin is indeed the set buyback program. it kind of falls short of expectations. but i'm sure they're going to make it enough of a success to sign the check tonight or tomorrow if it's the heads of state doing it. but the expectations that the euro group meeting that is in session right now is the one that will dispense the money or will decide to disexpense the money. never mind who signs on the bottom line and indeed the great delegation goes home at least to
sylvia, a torturous route for greece. are they finally going to get this money? if so, what does that change. >> well, it at least gives them a bit of breathing space. it doesn't change anything in terms of the overall dismal situation of the country. there was a letter of the german finance minister yesterday, written so it is by one of the deputies to the german bundes stock where he basically said, we are ready to sign up the next package for greece. this has not been confirmed or...
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Dec 24, 2012
12/12
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in greece, a permanent bailout. the thing is, whereas markets are an easing institutions for allocating existing goods and services among consumers, they are chronically bad at creating a surplus between deficit regions. remember -- if that comes first, suddenly the money lender who later becomes a banker who later becomes wall street plays a hugely significant role in this process. the banker is the conduct of that -- conduit of that recycling mechanism. when they get an increase in proportion as the result of their mediation of that process. the banker is the same thing as a clothes maker. suddenly, there are two things that must have been. 1 -- society will demand that banks are not allowed to go to the wall. then bankers are affectively blanche, free money for themselves. and the whole mechanism breaks down in 2008. in the eurozone, we made a huge error in europe of binding together these economies. this is not the first time these things that happened. it happened in the united states of america. you have dispa
in greece, a permanent bailout. the thing is, whereas markets are an easing institutions for allocating existing goods and services among consumers, they are chronically bad at creating a surplus between deficit regions. remember -- if that comes first, suddenly the money lender who later becomes a banker who later becomes wall street plays a hugely significant role in this process. the banker is the conduct of that -- conduit of that recycling mechanism. when they get an increase in proportion...
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Dec 24, 2012
12/12
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that's when we'll have leverage to turn the country around, prevent from becoming greece and save social security and medicare. to anybody listening, i will raise the debt ceiling orchl if we save medicare and social security from insolvency and prevent this country from becoming greece. no more borrowing until we know why we're in debt to begin with. >> let me say this. i don't think that using the debt ceiling and defaulting on our debt, my dear friend lindsey graham, one. my best friends in the senate, is the way to go. that's risking the united states. the president has said he is not going to hold the credit of the united states so someone can achieve a political agenda. doesn't count on bargaining over the debt ceiling. on taxes, i know it's hard for the republicans but the president ran on that platform, 250, no tax increase for people below but taxes for people above. 60% of the voters said they were for it in the exit polls, including some republicans and yet our republican colleagues by refusing to go along with revenues are risking the fiscal cliff and make no mistake about it
that's when we'll have leverage to turn the country around, prevent from becoming greece and save social security and medicare. to anybody listening, i will raise the debt ceiling orchl if we save medicare and social security from insolvency and prevent this country from becoming greece. no more borrowing until we know why we're in debt to begin with. >> let me say this. i don't think that using the debt ceiling and defaulting on our debt, my dear friend lindsey graham, one. my best...
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are we five years away from being greece or italy? twenty years? i don't know. this trendline is bad. happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributors contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers g lower wages and it adds up to the bad situation. john: president bush says it to oklahoma you takeare of things it is good for the economy. >> collor you create a housing bubble. those people were the ones that had to walk out onto the plank then we all fall into the sha infnfested waters 87 tax credits. >> sounds great. but from the tax code in 1913 only 14 pages we have warped into the 702000 page nster. more than 1,000 different forms to download. nobody understands. h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look wh
are we five years away from being greece or italy? twenty years? i don't know. this trendline is bad. happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributors contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers g lower wages and it adds up...
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Dec 18, 2012
12/12
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WJZ
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. >>> good news for greece. raised the credit rating by 6 notches. other european union countries are committed to keeping greece. >>> instagram says it has a right to sell your photos. expressing outrage on twitter and sites. instagram claims the right to sell photos to advertisers without payment or notification. there's no way to opt out unless you close your account by january 16th. that's your money watch. cbs money watch.com. >> coming up at 4:00, toyota troubles the multi million dollar fine levied by the government. >>> the strongest northwest storm of the season roars into washington state. the mess it left behind. >> no leavy coats needed outside. right now mild and sunny. but tells us that's going to to change. always on for your top stories on wjz.com. and first warning weather click wjz.com. ,,,,,,,,,,,,,,,, >>> i'm paula from maryland, happy holidays, wjz. >> happy holidays to paula. >> happy holidays paula and everybody out there. >> it's a nice day. >>> it really is . there's an event going on that exact place on sunday. we're going t
. >>> good news for greece. raised the credit rating by 6 notches. other european union countries are committed to keeping greece. >>> instagram says it has a right to sell your photos. expressing outrage on twitter and sites. instagram claims the right to sell photos to advertisers without payment or notification. there's no way to opt out unless you close your account by january 16th. that's your money watch. cbs money watch.com. >> coming up at 4:00, toyota troubles...
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spain had millions on the street at a time demanding the government stop cuts and demos continued in greece who got a forty four billion euro bailout masses were met with heavy handed policing in most countries across the e.u. which was awarded a nobel peace prize in twenty trials i am right. they ultimately if there are too many protests won't even be able to afford the policemen on the streets and therefore we could actually end up not so much with a violent reaction from government but there's actually a danger of an arcade because government itself may break down the crowd is. not the case in the u.s. where the occupy movement lost momentum this year corporate back media and authorities managed to dull demonstrations demanding economic equality and responsibility just one of a party that there was you know you wait for occupy to expand from its needs and from that. you know usually you write it by the elites as a bunch of anarchists or yeah the poor students who know how to sing better to do this is to organize themselves fully to something the group is promising in twenty thirteen with
spain had millions on the street at a time demanding the government stop cuts and demos continued in greece who got a forty four billion euro bailout masses were met with heavy handed policing in most countries across the e.u. which was awarded a nobel peace prize in twenty trials i am right. they ultimately if there are too many protests won't even be able to afford the policemen on the streets and therefore we could actually end up not so much with a violent reaction from government but...
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Dec 20, 2012
12/12
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LINKTV
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and and greece, civil servants have gone on a 24-hour price against job cuts. many public services were disrupted in the capital. >>> in south korea, voters have elected their first female president, who follows in the footsteps of her father who was also president. she is vowing to batter the economy. >> she has occupied a place on the national stage since the early 20's, but this is something new. if just before midnight, in freezing temperatures in central seoul, she addressed her supporters and the nation as the first female president elect. >> i will be the people's president who keeps promises to the citizens. this is the year of happiness we have all been waiting for. >> south korea remains a male- dominated society. just half of the working age women still have a job. if some see this as a transformative moment. >> there has been a glass ceiling in this society. with a woman president, took that we will demonstrate our troop qualities. >> i admit defeat, but it is just my defeat, not not that of others who are hoping to have a new government. i congratu
and and greece, civil servants have gone on a 24-hour price against job cuts. many public services were disrupted in the capital. >>> in south korea, voters have elected their first female president, who follows in the footsteps of her father who was also president. she is vowing to batter the economy. >> she has occupied a place on the national stage since the early 20's, but this is something new. if just before midnight, in freezing temperatures in central seoul, she addressed...
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unemployment will hit new highs rising to unprecedented levels of about twenty five percent in spain and greece and with upcoming elections in italy and germany the european union is facing plenty of political as well as economic uncertainties like they say you're never a loser until you quit trying gnashing it's clear business are. going to what's happening in the markets we start of course with the united states the only markets which is trading president barack obama on friday will be making a new scaled back offer in a bid to avoid the looming fiscal cliff the clock is ticking away meanwhile the market is dropping for the fifth consecutive session europe is also dropping on pretty much the same fears but there's still one more day this year to turn that trend around us of thirty first of december as you can see the market is also down russia's ruble ended the final session of the year on a down note but over the year ruble strengthened five percent against the dollar so it's been quite a good year for the ruble russia's markets also saw a final bit of a sell off but that's because nobody wa
unemployment will hit new highs rising to unprecedented levels of about twenty five percent in spain and greece and with upcoming elections in italy and germany the european union is facing plenty of political as well as economic uncertainties like they say you're never a loser until you quit trying gnashing it's clear business are. going to what's happening in the markets we start of course with the united states the only markets which is trading president barack obama on friday will be making...
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Dec 8, 2012
12/12
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FOXNEWSW
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are we five years away from being greece or italy? twenty years? i don't know. this trendline is bad. happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributs contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers get lower wages and it adds up to the bad situation. john: president bush says it to oklahoma you take care of things it is good for the economy. >> collor you create a housing bubble. those people were the ones that had to walk out onto the plank then we all fall into the shark infested waters 87 tax credits. >> sounds great. but from the tax code in 1913 only 14 pages we have warped into the 702000 page monster. more than 1,000 different forms to download. nobody understands. h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but loo
are we five years away from being greece or italy? twenty years? i don't know. this trendline is bad. happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributs contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers get lower wages and it adds up...
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being next greece. you know what? confiscation of private pensions happened in greece. it happened in the last year. it happened in argentina. in ireland to pay forbillion stimulus spending. a wealth tax of some sort especially on 401(k)s which you point out people put aside to save for their own future i don't think that is out of bounds on this president at all. he is firmly committed to spending and collectivism. eventually bills have to be paid. they will use people's private assets. gerri: not just the president. every elected official in washington seems to be the exact same way. they want to get our hands on our money we have to be alert. it is not irresponsible to mention it. i don't think so. jonathan, really appreciate your time. >> thanks, gerri, we'll be right back with my two cents more and the answer to the question of the day, who do you trust more, the epa or aaa? [ male announcer ] at scottrade, we believe the more you know, e better you trade. so have ongoing webinars a intactive learning, plus, in-branch seminars at over 500 locations, where our decat
being next greece. you know what? confiscation of private pensions happened in greece. it happened in the last year. it happened in argentina. in ireland to pay forbillion stimulus spending. a wealth tax of some sort especially on 401(k)s which you point out people put aside to save for their own future i don't think that is out of bounds on this president at all. he is firmly committed to spending and collectivism. eventually bills have to be paid. they will use people's private assets. gerri:...
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germany can afford to bailout greece. nobody can afford to bailout the united states, and i would agree actually with bill archer that i think he understated. if you take the total debt situation, you're talking about just shy of three-quarters of a million dollars for the -- per american family. so you get a cup of coffee from a waitress in the diner, think of loading three-quarters of a million dollars of debt on to her shoulders for what? for what? does nothing to show for. lou: her children and their children that will be paying a large measure of that. great to have you with us. making spirits bright. and after america with one of the ugliest pictures of an american cadaver toe tag to. >> doom and the oven is the into debt. lou: at least some balance here. you know how much are president loves balance. great to have you with this. up next, the fiscal cliff. it is hung up on tax for the rich. not really. we will tell you why those taxes are going up regardless of the deal. tomorrow, former u.s. ambassador to the unite
germany can afford to bailout greece. nobody can afford to bailout the united states, and i would agree actually with bill archer that i think he understated. if you take the total debt situation, you're talking about just shy of three-quarters of a million dollars for the -- per american family. so you get a cup of coffee from a waitress in the diner, think of loading three-quarters of a million dollars of debt on to her shoulders for what? for what? does nothing to show for. lou: her children...
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Dec 1, 2012
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it is important that we fix the over spending that is going to turn us into greece and spain. you talk about it all the time, it is so important we do that. even if we don't get rean elected it is so important -- reelected it is so important we do that we need all the leverage we got. >> sean: we are on our way to 20 trillion in debt. this is beyond fiscal cliff, this is a fiscal dive into i don't want to think where it can take us. >> some would say, if the dollar were not the international currency, we would have already been greece. >> sean: i brought up some ideas at the tkpweuplg of the program. i said okay, why don't we go for 200 billion in discretionary cuts to start, yes to entitlement reform, you agree? yes to serious tax reform? >> do i ever. when the president says fair share the perfect answer, flat tax. he has not made one pro bowsal that will have warren buffett paying the same as his secretary. it is called capital gains 15%. income tax is 15%. you make more, you pay more. you make less, you pay less. everybody pays their fair share. >> sean: same with value ad
it is important that we fix the over spending that is going to turn us into greece and spain. you talk about it all the time, it is so important we do that. even if we don't get rean elected it is so important -- reelected it is so important we do that we need all the leverage we got. >> sean: we are on our way to 20 trillion in debt. this is beyond fiscal cliff, this is a fiscal dive into i don't want to think where it can take us. >> some would say, if the dollar were not the...
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Dec 23, 2012
12/12
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explore the secret gardens of greece. these are all with locals. what these companies are doing, they're enabling people who have jobs that they love and they have different hobbies to actually make money by showing this to other people. i spoke with all the entrepreneurs that started these companies and they kept saying happiness is about the memories, something can you give on the holidays. >> anything involving food is okay with me. thank you very much, lori. >>> you've probably been hearing christmas music for a few weeks now. but you probably haven't heard this. the beautiful sounds of celtic woman. these singers have something special. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. [ tylenol bottle ] me too! and nasal co [ tissue b
explore the secret gardens of greece. these are all with locals. what these companies are doing, they're enabling people who have jobs that they love and they have different hobbies to actually make money by showing this to other people. i spoke with all the entrepreneurs that started these companies and they kept saying happiness is about the memories, something can you give on the holidays. >> anything involving food is okay with me. thank you very much, lori. >>> you've...
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things start to chang and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal, we will get there. that's got to be the plan not just the same nonsense. >> yeah, but larry, that's part of your point, but jonas says we're not in a bad recession, we're certainly not in a good recovery. and if we just keep falling little bit by little bit, maybe as much as jump off the cliff, but it's certainly a slippery slope. >> brenda, the damage is already being done. we saw it in november retail sales and companies delaying activity already and we know the ratings agencies are minutes away, we're right to fix the problem in the long run than making a bandaid short-term deal. it doe't get re
things start to chang and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal,...
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Dec 7, 2012
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and 34 years after john travolta and olivia newton john starred in "greece" they release add new video for their song called "i think you might like it." that's your eye on entertainment. tesa
and 34 years after john travolta and olivia newton john starred in "greece" they release add new video for their song called "i think you might like it." that's your eye on entertainment. tesa
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its strategy of austerity as its desperate to avoid the bailout fate of other european nations like greece portugal and ireland the country is nearly one hundred fifty billion euros in debt. the u.k. government has given the green light to the resumption of the controversial gas drilling technique known as fracking but the methods heavily criticized for its destructive environmental impact including causing massive water pollution and even earthquakes the story. driller is the only company with a license to conduct fracking in the u.k. but that's all set to change now that the government has given its blessing for the controversial method of extracting shale gas from underground already operates several wells here in lancashire but the divisive technology was temporarily banned last year and with good reason to the fracking taking place here. minor earthquake says. a local unpaid is doing very little he said i don't know a lot about it well he should know a lot about it you're going. to lie shareholders pockets this is not going to benefit us and it will be a legacy toxic legacy for our ch
its strategy of austerity as its desperate to avoid the bailout fate of other european nations like greece portugal and ireland the country is nearly one hundred fifty billion euros in debt. the u.k. government has given the green light to the resumption of the controversial gas drilling technique known as fracking but the methods heavily criticized for its destructive environmental impact including causing massive water pollution and even earthquakes the story. driller is the only company with...
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case of another day another scandal to reporting on but as twelve million euros now goes missing from greece's tourist industry just of course when the country needs it most two great stories among so many more doubt. dozens of jailed activists in bahrain who took part in antigovernment protests over the sentences reduced but the opposition's keeping up the pressure nonetheless repeating its demands for the immediate release of all political prisoners. he spoke to some of the activists about what lies behind the unrest. when it came to supporting calls for democracy in middle eastern north african states while denouncing government sponsored violence leaders of the west were vocally critical from our graphic has lost legitimacy to lead and he must leave out of a very clear message for president which is it is time for him to go but when scenes of violent clashes between riot police and reform complainer scheme from bahrain the definition of democracy shifted and rhetoric softened. in the summer the u.s. state department came up with a statement expressing its concerns over the human rights sit
case of another day another scandal to reporting on but as twelve million euros now goes missing from greece's tourist industry just of course when the country needs it most two great stories among so many more doubt. dozens of jailed activists in bahrain who took part in antigovernment protests over the sentences reduced but the opposition's keeping up the pressure nonetheless repeating its demands for the immediate release of all political prisoners. he spoke to some of the activists about...
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Dec 3, 2012
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the road map is greece, italy, spain, all over europe but the president thinks you can tax-and-spend your way to prosperity. >>neil: what the administration throws back on the issue is take a look at italy and greece, austerity has worked. you say what? >>guest: they have a strange definition. alwaysst either to them means higher taxes in europe and the united states austerity means less spending. i am in favor of the right definition of austerity. the balkan countries got out of the mess and now they are doing well economically because they cut, not just cut spending in the washington sense of increasing it at a slower rate they spent less one year after the other and now they are out of the trouble. if you understand the right definition of austerity is the way to go, the problem is in most of europe it means higher taxes, obama wants to give us the bad part of europe, without the good part. >>neil: thank you very much. they are not cutting anything. just slowing the growth. rebound and former president bill clinton hitting the links. this is a photo from last year. what we don't k
the road map is greece, italy, spain, all over europe but the president thinks you can tax-and-spend your way to prosperity. >>neil: what the administration throws back on the issue is take a look at italy and greece, austerity has worked. you say what? >>guest: they have a strange definition. alwaysst either to them means higher taxes in europe and the united states austerity means less spending. i am in favor of the right definition of austerity. the balkan countries got out of...
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Dec 27, 2012
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like we are doing in greece. in greece, we've had the most brutal, a substantial fiscal squeeze and in the history of humanity. if you look at the numbers, and nowhere before as the budget -- has the budget been squashed so savagely. and what happened to the debt? 129% to 200% of gdp. it is what happens. when you kill the cow that produces the milk, it will not produce more milk and if you keep hitting it, it will not produce more. the problem with the economy is, we need to start recycling global surpluses again in a rational way. the great advantage of having no qualms about lying through your teeth as politicians in this country and in my country have been known to do -- the story that i have been trying to tell is quite complicated. you can use simplification in order to confuse people. when in being interviewed by the media, you have about 20 seconds. you have to answer the question of what is wrong with the world. if you say, well, we have too much debt. we will become the slaves of the chinese like these a
like we are doing in greece. in greece, we've had the most brutal, a substantial fiscal squeeze and in the history of humanity. if you look at the numbers, and nowhere before as the budget -- has the budget been squashed so savagely. and what happened to the debt? 129% to 200% of gdp. it is what happens. when you kill the cow that produces the milk, it will not produce more milk and if you keep hitting it, it will not produce more. the problem with the economy is, we need to start recycling...
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Dec 6, 2012
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look at obama's policies played out at the state level, greece, all over the world. there is no place they are working or have ever worked. but you can point to states where governor like scott walker or john kasich or rick scott are employing the conservative principles and they are attracting businesses and creating jobs. o'reilly did a great segment comparing texas and california. that is what i want to do with heritage, showcase successes we are having. to republicans concede we need more revenue in the context of not reforming entitlement or the tax code and the president wants a blank check to borrowone future, that is nuts. we should not negotiate with ourselves. stand our ground and we have a power majority in the house. the idea of the fiscal cliff -- >> bret: democrats say the argument was made in the election. won on their side. >> it didn't win in south carolina or the majority of the states. republicans elected won those elections running on the limited government and less taxes. they shouldn't give in to that. principle is wrong and the president doesn'
look at obama's policies played out at the state level, greece, all over the world. there is no place they are working or have ever worked. but you can point to states where governor like scott walker or john kasich or rick scott are employing the conservative principles and they are attracting businesses and creating jobs. o'reilly did a great segment comparing texas and california. that is what i want to do with heritage, showcase successes we are having. to republicans concede we need more...
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and it's the same thing that we're seeing happening in europe here we've seen it happen in spain and greece these massive austerity programs slashing spending and what's happening to their economies they're shrinking they're shrinking they're shrinking another recession another recession and yet we're about to embark on the same exact austerity here in the united states which is just completely mind boggling yeah really really interesting and we did hear just a little while ago from president obama i want to play just a little bit of what he had to say. preventing that tax hike as been my top priority because the last thing folks like the folks up here on this stage can afford right now is to pay an extra two thousand dollars in taxes next year middle class families can't afford it businesses can't afford it our economy can't afford it today it appears that an agreement to prevent this new year's tax hike is within sight but it's not done there are still issues left to resolve but we're hopeful that congress can get it done but it's not done now as expected he's been criticized by several r
and it's the same thing that we're seeing happening in europe here we've seen it happen in spain and greece these massive austerity programs slashing spending and what's happening to their economies they're shrinking they're shrinking they're shrinking another recession another recession and yet we're about to embark on the same exact austerity here in the united states which is just completely mind boggling yeah really really interesting and we did hear just a little while ago from president...
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german electorate the most important thing is that germany is not just writing a check to the likes of greece spain portugal ireland those countries that have been bailed out of spain hasn't formally been bailed out but for those countries that have requested for bell outs from the eurozone. the fact that she has refrained from sort of our rights writing off of that series of that is that's the key. issue for. voters at the moment she hasn't done yet so. she has the. advantage but as mentioned getting calls these these economic numbers certainly no good. cause much good now better numbers have been announced for two thousand and fourteen forecast is that growth will come back to one point nine percent how do you see that happening and why would that happen well i think it's quite ambitious and certainly if you look at the growth forecast for other countries in the eurozone as well in the u.k. various forecasters thinking that the u.k. could grow as much as two percent in two thousand and fourteen say one point nine percent in germany looks ambitious as well. let's not forget and underestimate
german electorate the most important thing is that germany is not just writing a check to the likes of greece spain portugal ireland those countries that have been bailed out of spain hasn't formally been bailed out but for those countries that have requested for bell outs from the eurozone. the fact that she has refrained from sort of our rights writing off of that series of that is that's the key. issue for. voters at the moment she hasn't done yet so. she has the. advantage but as mentioned...
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Dec 30, 2012
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i'm not going to raise until we become serious about keeping the country from becoming greece and saving social security and medicare. not to turn social security into private account. adjust the age for social security and cpi changes and means testing and look beyond the ten year window. i cannot in good conscience raise the debt ceiling without addressing the long-term debt problems of this country and i will not. >> chris: and you heard president obama say we have to get out of that habit. not going to start trading debt ceiling increases for spending cuts. >> i think the key to what lindsey is saying is that you don't affect people on these programs now. you do it in a way for the too you tour so that long-term the programs are eceptionly changed and more constricted. is not entire early popular on my side but it is realistic, i think. i think this is a very hard time for people. and we need to get by this and we need to have a robust economy again. and it can happen i'm convinced. if we solve this and move down you can do those things that enabled the programs to be solvent in it a
i'm not going to raise until we become serious about keeping the country from becoming greece and saving social security and medicare. not to turn social security into private account. adjust the age for social security and cpi changes and means testing and look beyond the ten year window. i cannot in good conscience raise the debt ceiling without addressing the long-term debt problems of this country and i will not. >> chris: and you heard president obama say we have to get out of that...
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to greece is largest banks could be in line for bailouts after reporting huge losses this year together they'll need about thirteen billion euros worth of loans to stay afloat and this is just days after the country's credit rating was raised six not years from selective default to the mine is the view which has been urging greek citizens to tighten their belts has already issued eighteen billion euros to keep the country's lenders afloat and its second bailout package back in may. that is resurgent and you need to this time after the country's top prosecutor was during his resignation abraham pressured dredges not to release protesters opposed to president morsi his fate will now be decided by the justice minister egypt's preparing for a second round of voting on a controversial draft constitution which has split the country into its opponents think it's hey stand aimed at creating an islamist state. firefighters are still battling a massive fire on the outskirts of the nigerian capital after an oil pipeline exploded there monday is thought thieves trying to siphon off fuel caused the
to greece is largest banks could be in line for bailouts after reporting huge losses this year together they'll need about thirteen billion euros worth of loans to stay afloat and this is just days after the country's credit rating was raised six not years from selective default to the mine is the view which has been urging greek citizens to tighten their belts has already issued eighteen billion euros to keep the country's lenders afloat and its second bailout package back in may. that is...
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all for greece's largest banks are queuing up for a bailout boost after reporting huge losses this year together they'll need in fact around twenty seven billion euros worth of loans to stay afloat who has been relying on international bailout funds since twenty ten and as economies dimitrius you know police says it's all very groups who are bearing the brunt of the bank's losses the loans on which. this recapitalization of the bank sector is going to decrease are coming from the troika the e.u. the i.m.f. and the e.c.b. and they are going to be aid they are going to art of the greek debt which is going to be paid by the taxpayer and we had forty thousand small businesses closing this year alone three hundred additional thousand of job losses as a total unemployment rate of twenty six percent so we have really. on the one hand austerity on the other hand banks inability to provide liquidity for the markets exactly one twenty moscow time world news a brief no suicide blast of a political rally in northwest pakistan has left nine dead and more than twenty wounded among those killed in the
all for greece's largest banks are queuing up for a bailout boost after reporting huge losses this year together they'll need in fact around twenty seven billion euros worth of loans to stay afloat who has been relying on international bailout funds since twenty ten and as economies dimitrius you know police says it's all very groups who are bearing the brunt of the bank's losses the loans on which. this recapitalization of the bank sector is going to decrease are coming from the troika the...
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Dec 9, 2012
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greece, you see the rise. but you don't see it and those corestates of global capitalism yet. and it's hard to see how those versions would offer that. it's not impossible given this crisis becoming deeper and deeper, but it's hard to say after that. >> hi. i have a question about the visibility of capitalism. here in the united states, individual freedom and restraint. for a long time we just like to talk about the market and a propensity of individuals to exchange. in the fifties it was called a free enterprise system. it's almost as a people who were part of the capitalist, "one mysterious death this recent crisis has suddenly made it difficult in the way it has not done quite enough of. so many people in america where they talk about how they kind of crony capitalism took over the natural capitalism. just let it loose again. everybody gets a fair shake. everything will work all right. being able to see something, a system about using gives. reproduce itself. [inaudible] [inaudible] that rather than the market. >> a very appropriate question on halloween. you put that very
greece, you see the rise. but you don't see it and those corestates of global capitalism yet. and it's hard to see how those versions would offer that. it's not impossible given this crisis becoming deeper and deeper, but it's hard to say after that. >> hi. i have a question about the visibility of capitalism. here in the united states, individual freedom and restraint. for a long time we just like to talk about the market and a propensity of individuals to exchange. in the fifties it was...
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ran out long ago over chancellor merkel being a little too generous and bailing out countries like greece especially when it's their money at four is climate change the mayan world ending prophecy may have turned out to be hocus pocus but germans remain seriously concerned about keeping mother earth ticking over for as long as possible number three is a very twenty first century problem getting ripped off online as we bank in shop on the web more than ever before the fear for germans is that someone else's netting their details on their cash poverty came in second towards the end of the year it was revealed that around a quarter of europeans are at risk of living below the breadline germans watch with despair what's happening to the greeks and spanish images they struggle to shake from their minds but the biggest worry for germans in twenty twelve was. rising prices costs a rocketing everywhere from food to fuel and next year looks set to get even more pricey germany is a world leader in using renewable energy and over the coming year it's the consumer who will be paying to keep it that w
ran out long ago over chancellor merkel being a little too generous and bailing out countries like greece especially when it's their money at four is climate change the mayan world ending prophecy may have turned out to be hocus pocus but germans remain seriously concerned about keeping mother earth ticking over for as long as possible number three is a very twenty first century problem getting ripped off online as we bank in shop on the web more than ever before the fear for germans is that...
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Dec 14, 2012
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. >> ministers agreed on a fully fledged banking union and bailout loans for greece. what was being done to prevent another global downturn? that was on queen elizabeth's mind as she visited the bank of england. >> trying her hand at high finance, the queen, put in her signature on a special, a bank note. >> it does not improve much. >> the bank note, worth 1 million pounds, seem like small change as the queen and duke of edinburgh were shown the vaults were gold reserves were kept. there are 27 billion pounds of gold in this fault alone. that is not something you see every day, even when you have been doing this sort of thing for 60 years. has the tour went on, talk turned to more serious matters. the queen once asked why nobody had seen the financial crisis coming. officials launched into a three- part lecture on what caused the crisis. the words like "paradigm" flew across the floor. both the duke and the queen listened intently. finally, it became a two-way conversation, and the queen offered a few thoughts of her own. first, a question about the bankers. >> compl
. >> ministers agreed on a fully fledged banking union and bailout loans for greece. what was being done to prevent another global downturn? that was on queen elizabeth's mind as she visited the bank of england. >> trying her hand at high finance, the queen, put in her signature on a special, a bank note. >> it does not improve much. >> the bank note, worth 1 million pounds, seem like small change as the queen and duke of edinburgh were shown the vaults were gold...